News Co. (NASDAQ:NWS – Get Rating) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,090,000 shares, a growth of 24.7% from the March 31st total of 874,300 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 548,200 shares, the days-to-cover ratio is currently 2.0 days.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Altfest L J & Co. Inc. lifted its holdings in News by 3.6% during the fourth quarter. Altfest L J & Co. Inc. now owns 13,875 shares of the company’s stock valued at $312,000 after purchasing an additional 478 shares during the last quarter. Cibc World Markets Corp increased its position in shares of News by 0.7% during the fourth quarter. Cibc World Markets Corp now owns 76,080 shares of the company’s stock valued at $1,712,000 after buying an additional 497 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of News by 40.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,173 shares of the company’s stock valued at $49,000 after buying an additional 624 shares during the period. Fifth Third Bancorp increased its position in shares of News by 63.1% during the fourth quarter. Fifth Third Bancorp now owns 1,954 shares of the company’s stock valued at $44,000 after buying an additional 756 shares during the period. Finally, Toronto Dominion Bank increased its position in shares of News by 1.3% during the fourth quarter. Toronto Dominion Bank now owns 63,995 shares of the company’s stock valued at $1,440,000 after buying an additional 821 shares during the period. 24.61% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:NWS opened at $20.31 on Tuesday. The company’s 50-day moving average is $21.79 and its 200 day moving average is $22.35. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.42. The company has a market capitalization of $11.97 billion, a P/E ratio of 24.18 and a beta of 1.38. News has a fifty-two week low of $19.75 and a fifty-two week high of $26.21.
The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, April 13th. Shareholders of record on Wednesday, March 16th were issued a dividend of $0.10 per share. This represents a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, March 15th. News’s dividend payout ratio (DPR) is presently 23.81%.
News Company Profile (Get Rating)
News Corporation, a media and information services company, focuses on creating and distributing content for consumers and businesses worldwide. It operates in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and Investor's Business Daily through various media channels, such as newspapers, newswires, websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, videos, and podcasts.
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